ALFA Finder| Management target | Revenue 17.0% FY27 |
|---|
| Revenue growth | Retail loan growth 14.1% YoY; targeting 17% AUM CAGR through FY27. |
|---|---|
| Margins | Guiding 3.5% NIM; yields rising via affordable segment expansion. |
| Order book | AUM at ₹71,243 Cr; retail share increased to 97%. |
| Demand visibility | Strong sectoral tailwinds; affordable housing growing at 19% annually. |
| Management confidence | Highly confident, emphasizing 'sweet spot' for Housing Finance for decades. |
Growth
Retail growth hit 14.1% in FY24; targeting 15,000 Cr affordable book by FY27 through 200+ dedicated branches.
Outlook
Targets 1 Lakh Cr AUM by FY27 with RoA increasing to 2.5-2.6% and RoE reaching 15%.
Risks
Significant execution risk in scaling the 'informal' self-employed segment which is more prone to credit volatility. RISK: Rapid branch expansion and heavy hiring could spike Opex if disbursements lag.
Last quarter's promises, checked
Delivered
- Guided NIM bottomed out → NIM 3.50% vs stable sequential spread of 2.12% (= BEAT)
- Guided GNPA <1% → delivered 0.95% (= BEAT)
- Guided credit cost to remain negative → delivered -12 bps via recoveries (= BEAT)
Partly delivered
- Guided 18-20% overall book growth → delivered 15% YoY (= PARTIAL)
Missed
- Guided Affordable book growth 50-60% → delivered 11% YoY apple-to-apple (= MISS)
- Guided Affordable disbursements target → delivered INR 555 Cr, below internal target (= MISS)
Earnings Call Transcript filed with NSE, NSE: PNBHOUSING. Summary written with AI assistance from the document.
PNB Housing Finance Ltd: key numbers
- Share price
- ₹1,121.70
- Market cap
- ₹29,254 Cr
- Revenue (annual)
- ₹8,505 Cr
- Net profit (annual)
- ₹2,291 Cr
- P/E (TTM)
- 12.4×Sector 20.8×
- Promoter holding
- 28.01%-0.02% QoQ
- FII holding
- 14.19%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from PNB Housing Finance Ltd
All →PNB Housing Finance Debt & Borrowing: ₹900 Cr
PNB Housing Finance confirmed full redemption of Commercial Paper series CP-535 (ISIN INE572E14KR8) on maturity, 5 November 2026. The redeemed amount was INR 900 Crore across 18,000 CPs.
- Value
- ₹900.0 Cr
PNB Housing Finance Debt & Borrowing
PNB Housing Finance intimated record dates of 25 and 26 November 2026 for two commercial paper ISINs, which mature the following day. The record dates are for redemption of CPs.
PNB Housing Finance Earnings Call Transcript: Key Takeaways
PNB Housing delivers strong disbursement growth and margin expansion, supported by a significant credit rating upgrade to AAA.
- Call
- Guides 20% growth
PNB Housing Finance Other Announcement
PNB Housing reported no deviation in NCD proceeds for the quarter ended September 30, 2026. Its CFO also certified commercial paper proceeds were used as disclosed.
PNB Housing Finance Investor Presentation: Key Takeaways
Q2 FY27: PAT INR 617 cr (+6% YoY), loan book INR 95,079 cr (+19% YoY), NIM 3.67%, GNPA 0.91%. Strategy shifts toward high-yield Affordable and Emerging Markets segments.
PNB Housing Finance Q2 FY27 Results: Net Profit ₹616.5 Cr, Up 6.0% YoY
PNB Housing Finance Ltd reported revenue from operations of ₹2,423 Cr (+13.9% YoY) and net profit of ₹616.5 Cr (+6.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹616.5 Cr · +6.0% YoY